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Friday, December 14, 2012

Buffett to Tribune owners - Call me!, (NYSE: BRK-A), (NYSE: BRK-B)

Warren Buffett is mulling the prospect of owning at least one of Tribune Co's newspapers.Buffett told The Morning Call in Allentown, Pennsylvania that "Allentown is our kind of place," in response to a question of whether his conglomerate Berkshire Hathaway was interested in the 84,000 daily circulation paper.Tribune is expected to sell its stable of newspapers - which also includes the Los Angeles Times and the Chicago Tribune - when it exits from bankruptcy, in order to concentrate on its broadcasting properties.Potential other bidders that could line up for the newspapers include U-T San Diego owner Doug Manchester, Freedom Communications owner Aaron Kushner, and News Corp's Rupert Murdoch.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 0.21% or $285.0/share to $134485.00. In the past year, the shares have traded as low as $110741.00 and as high as $136345.00. On average, 61873 shares of BRK-A exchange hands on a given day and today's volume is recorded at 212.

Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 0.19% or $0.17/share to $89.61. In the past year, the shares have traded as low as $73.73 and as high as $90.93. On average, 4483370 shares of BRK-B exchange hands on a given day and today's volume is recorded at 986347.



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